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The cost of starting late
Even a delay of 5 years could result in a loss of $519,000 after 20 years. The longer you wait to invest, the more inflation will eat away at your potential returns.
The image above shows a five-year delay for two investors who invested $25,000 at the start of every year for 15 to 20 years. The assumed rate of return is 7%.
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This study is for educational purposes only. All investments carry risk. Backtested performance is not indicative of future results. The actual performance for investments in this portfolio could be different. Read our full disclosure here about back-tested performance and projections. qplum is not a tax advisor. Please consult with your tax advisor before making any decisions about your tax liabilities.